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Donald Trump’s World Liberty Financial Holding $50,000,000 Worth of DeFi Crypto Assets: Arkham

source-logo  dailyhodl.com 16 December 2024 16:45, UTC

President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, on-chain data shows.

Blockchain intelligence platform Arkham reports that WLFI’s treasury acquired $50 million worth of different DeFi coins in preparation for its launch.

“UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION OF DEFI COINS

The World Liberty Finance Treasury just acquired:

$35 million of ETH/WETH
$10 million of cbBTC
$1 million of LINK
$1 million of AAVE

Is Trump long DeFi?”

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Source: Arkham/X

WLFI went live with its token sale in October.

The project originally said that 63% of all WLFI would be sold to the public, but according to its current whitepaper – or “goldpaper”– World Liberty Financial appears to have lowered that to 35%.

With World Liberty Financial yet to publicly launch, it’s still not 100% clear what services the platform will provide.

World Liberty Financial says it’s the “only DeFi platform inspired by Donald J. Trump” and aims to lead a “financial revolution by dismantling the stranglehold of traditional financial institutions and putting the power back where it belongs: in your hands.”

Data from Ethereum blockchain explorer Etherscan shows that the TRON DAO received 2 billion tokens from its investment in WLFI, making Tron (TRX) founder Justin Sun and the DAO the largest holders.

With the purchase, Sun also became an advisor to the project.




Generated Image: Midjourney

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